JPMorgan Treasury Services Becomes First Bank To Offer Electronic Bills Of Lading
JPMorgan Treasury Services, a leader in global payment, trade finance and treasury services management, has introduced a new electronic bill of lading, data and image service. Providing an option to traditional paper bills of lading, JPMorgan is offering this service to exporters as part of its industry-first direct electronic interface with shipping carriers. Working in conjunction with APL Limited, a carrier for BASF South East Asia Pte Ltd., JPMorgan Treasury Services has developed this Internet-based application in part to speed up document presentation and reduce costly delays at ports of shipment.
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